02132016Sat
Last update: Sat, 13 Feb 2016 05am

Americas

Markets - FXMM - Americas

Euro gains as oil, stocks dive; commodity currencies slump NEW YORK: The euro regained its footing against the US dollar on Wednesday as risk appetite soured anew late in the afternoon after Brent oil prices fell sharply, prompting steep declines in U.S. equity markets.The yen, another currency like the euro used to fund purchases in higher-yielding assets, trimmed losses versus the dollar and rose against commodity units such as the Australian and Canadian dollars. The greenback also gained against the commodity currencies."Oil is leading the charge. Equities were getting a bit slippery before the drop in oil, but once oil started to turn, equities started to gain momentum to the downside," said Brad Bechtel, managing director of foreign exchange at Jefferies in New York."On the FX side, the dollar was better bid against commodity currencies. The euro gained as well since it has been performing well lately in times of stress," Bechtel said.Brent oil prices slid on Wednesday, dropping ...

Markets - FXMM - Americas

Dollar steadies vs euro as equities rebound NEW YORK: The dollar steadied against the euro Tuesday as global equity markets rebounded from days of China-driven turmoil despite worries about plummeting oil prices.The euro traded at $1.0858 around 2200, unchanged from the same time on Monday.The yen edged a bit higher, rising to 117.66 per dollar compared with 117.77. The euro dipped to 127.76 from 127.87."A better market mood leaves the euro vulnerable as it tends to entice traders to sell the cheap ...

Markets - FXMM - Americas

Dollar gains for 3rd day as risk outlook brightens NEW YORK: The dollar rose for a third straight session on Tuesday as gains on Wall Street and calmer financial markets enhanced appetite for currencies that offer higher yield.The euro and the yen, currencies with low interest rates used by investors to fund purchases of higher-yielding currencies in risky carry trades, slipped on the day after strong gains seen in a chaotic first week of the year."Generally, stability in global markets should bode well for ...

Markets - FXMM - Americas

C$ falls below 70 US cents for first time since May 2003 TORONTO: The Canadian dollar on Tuesday weakened below 70 US cents for the first time since May 2003 as a slump in oil prices extended to near $30 a barrel and traders increased their bets that the Bank of Canada will cut interest rates this month.The last time the Canadian dollar traded below that psychological threshold, US crude oil prices were also trading below $30 a barrel, near the start of a bull run that ...

Markets - FXMM - Americas

Dollar advances for 3rd day as risk appetite improves NEW YORK: The dollar rose for a third straight session on Tuesday as gains on Wall Street and calmer financial markets enhanced appetite for currencies that offer higher yield. The euro and the yen, currencies with low interest rates used by investors to fund purchases of higher-yielding currencies in risky carry trades, were lower on the day after gains seen in a chaotic first week of the year. "We're seeing a reversal of what we ...

Markets - FXMM - Americas

Euro, yen slide as market sentiment improves; dollar rises NEW YORK: The low-yielding euro fell for a second session against the dollar on Monday, while the yen slipped for the first time in six days, as steadier global stock markets prompted investors to seek other currencies that provide better returns.Wall Street shares were volatile all day but recovered some of their losses after a poor start to the new year, diminishing the appeal of the euro and yen.Europe's common currency has been used in ...

Markets - FXMM - Americas

Euro drops as market sentiment improves, dollar rises NEW YORK: The low-yielding euro fell for a second session against the dollar on Monday, as steadier global stock markets prompted investors to seek other currencies that provide better returns.Wall Street shares and Europe's main bourses were firmer after a poor start to the new year, diminishing the appeal of the euro. Europe's common currency has been used in recent months in carry trades, with investors selling the euro because of its near-zero interest rate ...